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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Blackstone Inc | NYSE:BX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 131.31 | 155 | 12:39:53 |
From May 2019 to May 2024
Two private-equity giants have walked away from the auction process of Concordia Healthcare Corp., people familiar with situation said.
Final bids for Concordia were due Tuesday, but Blackstone Group and Carlyle Group decided not to participate, the people said.
Nasdaq and Toronto-listed Concordia said in April that it formed a special committee to assess "various strategic alternatives" for the company, after Bloomberg reported it hired investment bank Greenhill & Co. to run an auction process for it.
Concordia, which focuses on orphan drugs and legacy pharmaceutical products, has a $1.58 billion market capitalization based on its current share price.
Apollo Global Management LLC could be the last man standing in the process to buy the Canadian pharmaceutical company. The people said Apollo was one of three potential investors in the current round of bidding, but it isn't known whether Apollo decided to submit a final round bid.
Write to Amy Or at amy.or@wsj.com. Follow her at @theamyor
(END) Dow Jones Newswires
June 02, 2016 15:45 ET (19:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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